Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal Entry Worksheet: TRANSACTION LIST:

1.

On January 1, 2015, White Water issues $430,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 4%, the bonds will issue at $478,152. Record the issuance of the bond.

2.

On January 1, 2015, White Water issues $430,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 4%, the bonds will issue at $478,152. Record the first semiannual interest payment.

3.

On January 1, 2015, White Water issues $430,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 4%, the bonds will issue at $478,152. Record the second semiannual interest payment.

Date General Journal Debit Credit

January 01,2015 June 30,2015 December 31,2015